Profits drop at People’s Bank in 1H2022 View(s):People’s Bank results for the six months period ended June 30, 2022 shows total operating income rising by 54.9 per cent to reach Rs. 69.3 billion, whilst total operating expenses grew by 3.7 per cent to Rs. However profit after tax fell by 21.3 per cent in the reviewed 6-month period to Rs. Pre-tax profit amounted to Rs.11.6 billion, a decline of 12.5 per cent over the same period in 2021. Chairman of People’s Bank, Sujeewa Rajapakse, stated that: “Despite extraordinary challenges from a macro front, the bank’s results provide some insight into its capacity to navigate through these circumstances.

Source: Sunday Times September 04, 2022 12:56 UTC